Sberbank (Switzerland) AG (formerly SLB Commercial Bank AG)

Sberbank Europe AG is a banking group 100%-owned by Sberbank Russia, the largest Russian banking group. In 2012 Sberbank Russia acquired international banking division of Volksbank (Austria) and rebranded it to Sberbank Europe. Sberbank Europe operates as a universal bank, focusing on retail and corporate banking products and services. Sberbank (Switzerland) AG operates as a subsidiary of Sberbank Europe AG.

Bank Category
Foreign-controlled banks

Sberbank (Switzerland) AG is the 90th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 1 929,55 mln CHF, providing the bank with the market share of 0.06%. Sberbank (Switzerland) AG is the 26th largest foreign-controlled bank in Switzerland (out of 81 banks) having market share of 0.78% amongst the banks of this category.

Rank in Switzerland
90th largest bank

Total Assets (2016)
1 929.55 mln CHF  (+95.89%)
Number of Employees (2015)
80  (+13.94%)

Sberbank (Switzerland) AG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Sberbank (Switzerland) AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Sberbank (Switzerland) AG is headquartered in Zürich.

Address
Gartenstrasse 24, 8027, Zürich, Switzerland
P.O. Box
2136
Phone
044 250 56 56
Fax
044 250 56 05
BIC (SWIFT)
SLBZCHZZXXX
Company Number
CHE-106.291.569
Founded
1988

Financial Positions

Total Assets (2016)
1 929.55 mln CHF  (+95.89%)
Assets Under Management (2015)
0.00 CHF

In 2016 total assets of Sberbank (Switzerland) AG were 1 929.55 mln CHF. Growth compared to the previous period (2015) was 95.89%. The evolution of the total assets of Sberbank (Switzerland) AG is shown at Chart 1 below.

Total Assets of Sberbank (Switzerland) AG. Chart 1. Total Assets of Sberbank (Switzerland) AG.

In 2015 assets under management of Sberbank (Switzerland) AG were 0.00 CHF. The value didn't change compared to the previous period (2014). The evolution of the assets under management of Sberbank (Switzerland) AG is shown at Chart 2 below.

Assets Under Management of Sberbank (Switzerland) AG. Chart 2. Assets Under Management of Sberbank (Switzerland) AG.

Profit and Loss

Gross Profit (2015)
2.90 mln CHF
Annual Profit (2015)
900 000.00 CHF

In 2015 gross profit of Sberbank (Switzerland) AG was 2.90 mln CHF. Decline compared to the previous period (2014) was -140.28%. The evolution of the gross profit of Sberbank (Switzerland) AG is shown at Chart 3 below.

Gross Profit of Sberbank (Switzerland) AG. Chart 3. Gross Profit of Sberbank (Switzerland) AG.

Recent changes in gross profit of Sberbank (Switzerland) AG and its main components are shown in Table 1.

2014 2015 % change
Net Interest Income 0.6 17.9 +2 883.33%
Net Commission Income 4.5 7.2 +60.00%
Net Income from Trading Operations 1.2 4.0 +233.33%
Net Income from Banking Operations 16.4 29.2 +78.05%
Gross Profit -7.2 2.9
Table 1. Recent changes in gross profit of Sberbank (Switzerland) AG (mln CHF).

In 2015 annual profit of Sberbank (Switzerland) AG was 900 000.00 CHF. Decline compared to the previous period (2014) was -104.71%. The evolution of the annual profit of Sberbank (Switzerland) AG is shown at Chart 4 below.

Annual Profit of Sberbank (Switzerland) AG. Chart 4. Annual Profit of Sberbank (Switzerland) AG.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2016)
90th (market share 0.06%)

In 2016 Sberbank (Switzerland) AG was the 90th largest bank in Switzerland in terms of total assets, having 0.06% of market share.

Market share of Sberbank (Switzerland) AG Chart 5. Market share of Sberbank (Switzerland) AG

Several banks with market shares closest to Sberbank (Switzerland) AG are shown below.

RankNameTotal AssetsMarket Share
89 CBH Compagnie Bancaire Helvétique SA1989.18 mln CHF0.06%
90 Sberbank (Switzerland) AG1929.55 mln CHF0.06%
91 HSBC Bank plc, London, Zweigniederlassung Zürich1778.50 mln CHF0.06%
 

Credit Ratings (as of Apr 2016)

Fitch Moody's
BBB- (good credit quality) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Sberbank (Switzerland) AG is rated by Fitch.

Credit ratings assigned to Sberbank (Switzerland) AG as of April 2016 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Sberbank (Switzerland) AG it is set to BBB- (good credit quality), outlook is negative (may be lowered). The rating is not on watch. Short-term issuer default rating for Sberbank (Switzerland) AG is set to F3 (fair short-term credit quality).

Long-Term Issuer Default Rating  BBB-
    Outlook  negative
    On Watch  No
Short-Term Issuer Default Rating  F3
Viability Rating  -
Support Rating  2
Support Rating Floor  -

Viability rating for Sberbank (Switzerland) AG is not set support rating is 2 (high probability of external support); support rating floor is not set.

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 CHF per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.

In the case of Sberbank (Switzerland) AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, commercial enterprises and public-sector offices
Covered Accounts  credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Sberbank (Switzerland) AG and its components are shown in the table below.

BIC  SLBZCHZZXXX
Bank BIC Code  SLBZ
Country Code  CH (Switzerland)
Location Code  ZZ
Branch Code  XXX

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  CHE-106.291.569

European Presence: 8 banks in 8 countries

This bank operates in the following European countries and selected dependent territories of the European countries:

Austria

Croatia

Czech Republic

Germany

Hungary

Serbia

Slovenia

Switzerland

  •  (this bank) Sberbank (Switzerland) AG (Zürich)